10 Year US Notes Points Higher – Elliott wave analysis
10 year US Notes is clearly bullish, unfolding a five-wave move from October of 2018 lows. We see a possibly completed wave (4) at the 127’30 level, from where price started recovering again. We also see a break above the upper channel line, (connected from 132’14 high) which is an indication of a completed correction, and of higher prices to be underway.
If wave (5) is in motion, then price can recover towards the 134.0/135.0 zone in upcoming weeks and months. That said, be aware of pullbacks which may develop within a wave (5) rally, and which can also find support at the upper channel line.
10 Year US Notes, daily
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